Lake Torrens Property
Executive Summary
Executive Summary (overview)
- One-paragraph overview tied to the latest reported drilling results date.
- Estimated probability of advancing to a formal resource.
- Typical ranges for grade, tonnage, mine life, and method mix.
- Cost structure summary and where the project ranks vs peers.
Regional Copper Potential
Lake Torrens is located in Australia, Oceania. The surrounding region has historically demonstrated a high potential for copper endowment and is very proximal to other copper properties. Physical setting (low elevation, low relief, dry climate) shapes access, seasonality, and operating costs. Geologically, the area is dominated by Complex lithology, under moderately thick lithosphere with moderately thick sedimentary cover in a Early Proterozoic Platform tectonic province—factors that inform both deposit style and development complexity.
Drill Intercepts
Reported results (Copper Equivalent) average high grade, very long, and very deep. The most recent intercepts are benchmarked against a global copper database.
| Date | Intercept (Copper Equivalent) | Grade | Length | Depth |
|---|---|---|---|---|
| 2025-07-01 | 0.61 g/t Copper Equivalent over 179.8 m from 899.8 m | Moderate Grade | Very Thick | Very Deep |
| 2025-07-01 | 1.91 g/t Copper Equivalent over 21.0 m from 910.0 m | High Grade | Very Thick | Very Deep |
| 2021-06-30 | 0.19 g/t Copper Equivalent over 6.0 m from 1,675.0 m | Low Grade | Thick | Very Deep |
| 2021-06-30 | 0.23 g/t Copper Equivalent over 2.0 m from 1,684.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.15 g/t Copper Equivalent over 3.0 m from 1,701.0 m | Low Grade | Thick | Very Deep |
| 2021-06-30 | 0.45 g/t Copper Equivalent over 10.0 m from 1,758.0 m | Moderate Grade | Very Thick | Very Deep |
| 2021-06-30 | 1.97 g/t Copper Equivalent over 15.0 m from 1,411.0 m | High Grade | Very Thick | Very Deep |
| 2021-06-30 | 1.49 g/t Copper Equivalent over 2.0 m from 1,493.0 m | High Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.46 g/t Copper Equivalent over 321.0 m from 1,319.0 m | Moderate Grade | Very Thick | Very Deep |
| 2021-06-30 | 0.31 g/t Copper Equivalent over 2.0 m from 1,309.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.27 g/t Copper Equivalent over 6.0 m from 875.0 m | Moderate Grade | Thick | Very Deep |
| 2021-06-30 | 0.88 g/t Copper Equivalent over 2.0 m from 932.0 m | Moderate Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.18 g/t Copper Equivalent over 2.0 m from 938.0 m | Low Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.15 g/t Copper Equivalent over 2.0 m from 1,015.0 m | Low Grade | Moderate Thickness | Very Deep |
| 2021-06-30 | 0.79 g/t Copper Equivalent over 5.0 m from 1,028.0 m | Moderate Grade | Thick | Very Deep |
Resource Potential
Resource Potential (overview)
- Probability estimate of advancing to a formal resource.
- Typical ranges for grade and tonnage with p50 markers.
- Side-by-side histograms vs. a global reference dataset.
- Plain-English guidance on how to interpret uncertainty.
Economic Potential
Economic Potential
- Distribution of NPV across 1,000 discounted cash-flow simulations.
- Expected NPV value with context vs. drill-stage peers.
- Discussion of spread, skew, and scenario tails (upside/downside).
- Explicit assumptions shown for discount rate and commodity price.
Assumption Distributions
Assumption Distributions
- Reserve conversion and mine life distributions.
- Recovery, processing costs, and waste:ore ratio ranges.
- Capex/offsite opex, average production rate, and other drivers.